Bilateral trade in goods between the U.S. and Taiwan in 2016 amounted to US$ 66.1 billion. Taiwan's imports from the U.S. amounted to US$26.7 billion, while Taiwan's exports to the U.S. amounted to US$39.3 billion. Taiwan was the United States' 10th largest trading partner, its 14th largest export market, and 13th largest source of imports. Taiwan was also the 7th largest export destination of U.S. agricultural goods in 2016.
According to the World Trade Organization (WTO), Taiwan ranked as the world’s 17th-largest and 18th-largest exporting and importing power in 2015, respectively. Taiwan’s economy was ranked as the 11th-freest among 186 countries in the 2017 Index of Economic Freedom, issued by the Heritage Foundation and The Wall Street Journal. According to the IMF, Taiwan’s GDP per capita (PPP) of $47,790 in 2016 ranked the country No. 22 in the world.
